Lee’s Earnings Fall 20 Percent; Online Revs Up 146 Percent

Newspaper publisher Lee Enterprises reported at 20 percent drop Q1 earnings, partly due to costs related to its purchase of Pulitzer Inc. last June. Earnings were $14.4 million, compared $18.1 million…Revenues rose 63.5 percent to $275.8 million from $168.7 million a year ago, missing analyst expectations of $278.05 million.
On the online side, ad revenues increased 146.1 percent, to $8.5 million, up from $3.45 million in the year-ago quarter.

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